No one is claiming Rs 80,000 crore; Zerodha company suggested a ruthless solution No one is claiming Rs 80,000 crore; Zerodha company suggested a ruthless solution

Zirodha offers its customers a special feature under which account holders can add or change nominees to their account online. Not only this, if the demat account is not activated due to non-transaction for one year, the nominee will be informed via SMS or email.

No one is claiming Rs 80,000 crore;  Zerodha company suggested a ruthless solution

No one is claiming Rs 80,000 crore; Zerodha company suggested a ruthless solution

New Delhi: Recently, the EPFO ​​had said that about Rs 26,497 crore was deposited in the PF account. Which has no claimants and this amount is slowly increasing. Similarly, the bank has a number of term deposits, the claimants of which do not appear even after maturity. Thus, a total of over Rs 80,000 crore is lying unclaimed. Now Nitin Kamat, co-founder of the broking firm Zerodha, has come up with a solution to this problem. (No one is claiming Rs 80,000 crore; Zerodha company suggested a ruthless solution)

Alert feature launched by ZeroDa

Nitin Kamat said that due to non-nomination of many people, more than Rs 80,000 crore is lying unclaimed in banks, demats and other accounts. In view of this problem, Zerodha has launched an alert feature, which will notify the nominee if the demat account is not active. Kamat hopes that banks and other online brokerage companies will soon adopt the feature. So that the unclaimed amount can be settled.

Special facility provided to customers by Zero

In fact, Zirodha has given its customers a special feature under which account holders can add or change nominees to their account online. Not only this, if the demat account is not activated due to non-transaction for one year, the nominee will be informed via SMS or email.

According to Nitin Kamat, one of the main reasons for not claiming the unpaid amount may be that the nominee is not aware of it. That is why ZeroDha has launched an alert feature, so that in such a situation, information can be conveyed to all the customer nominees. In the country, EPFO ​​has about Rs 26,497 crore, Rs 18,381 crore in all bank accounts, Rs 17,880 crore in mutual funds and Rs 15,167 crore in insurance companies. Maturity term deposits include non-claim deposits of Rs 4,820 crore. (No one is claiming Rs 80,000 crore; Zerodha company suggested a ruthless solution)

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